Now Playing

8/19/2011 9:06AM

Currencies Markets Zig and Zag Amid Uncertainty

Currency markets are zigging all over, because no one wants to buy any particular currency to sell another, Katie Martin reports on the News Hub. Switzerland, in particular, is trying to keep people from buying Swiss Francs. Photo: Reuters.

This transcript has been automatically generated and may not be 100% accurate.

go ... the now I think it was ... the dollar the euro and the Swissie The yen all these major currencies Katie Martin joined the now ... out with a liking Katie probably speaking are our currency markets flashing a risk on a risk off message to that ... lol we start to the euro a day with very much a ... run to the hills late in the eight hundred million kina the markets are extremely nervous ... the euro is setting up a show me the Swiss franc and the general that would appeal warplanes that the yen hitting a record high against the dollar which is ... not exactly what we needed them and the faculty raises the spectre of fresh NBNK or Mr Clements a intends to push it back down said ... Qwiki wasn't like the stars it's a it's very real Madrid then and with very much David NFX by Eckert's with witty ignoring ... credit news for ignoring anything above what's going on in the stock markets and ... thus thing this morning ... it is the hope is looking great likely see we have to stop selling will take you at the weekend ... it's a little bit Maxted ... than the eight house picked up ... some Wallace added that in a sentence ... FX is a major market impact on how this is all coming out to the end of the data it needs inherently oppressive heat right knee you put it on a well currencies so another when ... nobody was to buy any of them the mind and so it's just a bit of a Mac so when it bought the yen to allow any just what happened across equity markets in Europe is about halfway through the training he is mentioning names seen as somewhat of a rebound but ... your stocks down two point three percent but the London two percent the Dax in Germany ... three point six percent so what is in particular about Germany that has investors worried ... with this summer so the surprisingly downbeat dates for the Gemini recently updated its GDP date spare a dollar just to share unit Jimmy Dazs ice crime of challenges in the ... festival is the name ... paying a large role in bailing out the country's immediate and total sales ... if we do have Anisa distrusted in China and Gemini X also put a stop to China and that's ... that's the good the Gemini this the Haskell stresses on the number of fronts ... he ... had been made in UK for a lot of my sinful and eating into ... the currency market ... the one question I had was one thing that the ... intervention to be so useless frankly it in both Switzerland and Japan is just another sign the government's review ... I'm able to get to grips with the situation ... I admit that it's a fair man this week and see this as a real pain to come one come all the old Sweden Switzerland and Japan Ina just as one of the money to see some it's a common occurrence become the longest Pittodrie ... um it even if they can never say paper but that this song that Onek of someone ... and whether that's with ... Japan Islamists but trade Tuesday with Qantas would put the money somewhere under a mattress ... so there's really nothing making de oneness with the intercompany print like this of this lead ... to save the global ... economic meltdown when the middle of the company compete distill the gang's this currency maturity have that that the level of gold see that ... I'm ... not accepting the Swiss actually have been pretty successful if you think that in your Suisse's trading ... standards and ninety one when last week and is now about one fourteen ... so they have had some success and day out just how severe the shocking liquidity into money markets just two of Seoul ... in fact it's the Swiss franc we had Swiss rival to date making ... another record high rates the SEC in today it's just a mark of ... how much credit CTX and betas pumping into the market ... Nikita has been to check you briefly explain to people what that means and why it's happening ... um ... in terms of the attic and baby napping and ... in terms of in particular the sort of negative interest rates for seeing and in Switzerland ... yes I mean the event ... I mean they can to stop people buying Swiss francs a day ... of the day perhaps that is a shiny satin bows of just two minutes intervention selling Swiss francs ... the reason for that is that with ornate was marked by a ... grand lack of success it did when he was pretty horrible than double to both the summit that ... added that there was also told that the Swiss National Bank might if I had the Swiss franc The over this week that didn't happen to office with a bit disappointed about that ... he said ... complicate it pointy headed tinkering midday in the money markets to really until the ink was actually a wet and it's well and I think ... the SNB is likely to ... just sit back and wait and see how this pans out before they bring out any more ... big donors and lead to brain is kicking around the bank had plenty Swiss Minnesota kicking around the stalls told him I didn't use ... penalties for holdings its front so whatever dance ... to just wait to see what they do when they do it but said that women are as good economics I'm checking my hair covering global FX market markets Katie thanks so much